This Quiz Buye on Suppose that a market consists of 100 buyers who are each willing to buy at most one unit of a good Willingness to pay is equal to: $20 for the first 20 buyers $18 for the following...


This Quiz<br>Buye<br>on<br>Suppose that a market consists of 100 buyers who are each willing to buy at most one unit of a good<br>Willingness to pay is equal to:<br>$20 for the first 20 buyers<br>$18 for the following 10 buyers<br>$12 for the following 20 buyers<br>$6 for the following 20 buyers<br>$4 for the following 30 buyers<br>e the<br>uni<br>ere<br>Buy<br>What happens to consumer surplus if price falls from $7 to $5?<br>an<br>A. rises by $120<br>ling O B. falls by $200<br>OC. rises by $100<br>puy<br>und<br>O D. rises by $200<br>Suy O E. None of the above<br>Click to select your answer.<br>

Extracted text: This Quiz Buye on Suppose that a market consists of 100 buyers who are each willing to buy at most one unit of a good Willingness to pay is equal to: $20 for the first 20 buyers $18 for the following 10 buyers $12 for the following 20 buyers $6 for the following 20 buyers $4 for the following 30 buyers e the uni ere Buy What happens to consumer surplus if price falls from $7 to $5? an A. rises by $120 ling O B. falls by $200 OC. rises by $100 puy und O D. rises by $200 Suy O E. None of the above Click to select your answer.

Jun 07, 2022
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